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see a lawyer and try to get out of the contract. will recommend one if you like.
I am talking about properties that are FURNISHED. Their are three in the entire town yet everyone wants to rent them. I paid $330 a night for one. The house was worth $100k and the furniture 2k.
Do you have to pay capital gains tax on the price that the house has gone up by in the period that you claimed a tax deduction on the interest?
why the hell did you do that? Are you wanting to lose money?
Fill it in with dirt and grow some vegetables.
fix it.
Many people fix their rates and then they like it and are happy whenever rates go up because it just gives them an excuse to hike up the rent tenants pay but they don't feel a thing.So you can move out for six years and claim tax deductions on the interest. Move back in and not pay capital gains tax when you sell it?
By the way I spoke to a friend who is very senior at the tax office and my technique is apparently legitimate. Will find the answer within a few days myself and if I remember will post it if no body here knows the answer.
When we finally found a property that we wanted to rent the most obvious problem with it was that there were no fly screens.
I negotiated with the owner through the real estate agent and instead of paying $295 per week rent I pay $310 per week.
I did this so that the owner could pay for the fly screens and not be totally out of pocket. It was worth the $15 a week to me because now I am not bitten or bothered by insects. I was surprised by how much money the landlord wanted though. I was originally thinking about $5 more per week but apparently the fly screens were expensive because they had to be specially made to the window and I wanted a fly screen door as well.
I am unable to find anything in the Residential Tenancies Act 1997 (Vic) which makes the landlord responsible for providing flyscreens. Morally and ethically I believe that he should. It makes business sense too. But legally I don’t think he has too.
You are right that unhappy tenants can cause a lot of headaches. The law is in your favour. How about paying the rent 13 days late each month? He can do nothing about that.